The Government announced some tax relief measures in response to coronavirus pandemic on different date regarding VAT. These are:
Announcement on 29 May 2020
- The interest for VAT declarations not submitted on time, will not be automatically imposed until 31 August 2020.
- The taxpayer can apply to postpone the date of payment of tax or to pay it in instalments.
- The taxpayer can suggest to refrain from setting the deferred interest.
- No postponement possible of submitting advance VAT returns in due time.
- A temporary 0% VAT rate applies retrospectively between 14 April and 31 July 2020 in respect of the delivery and purchase of protective masks.
- VAT deduction on non-alcoholic beverages in taverns to 10% until the end of 2020.
Announcement on 10 May 2020
- The Finance Ministry declared a VAT exemption of 2 years on components acquired in mechanical, electrical, etc. industries.
Announcement on 22 April 2020
- The deadline for filing the annual VAT return for 2019 has been extended to 31 August 2020.
- No postponement possible of submitting advance VAT returns in due time.
Announcement on 14 April 2020
- The value added tax (VAT) rate for the supply of respiratory face masks will be reduced from 20% to 0%.